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To assess the impact of size X1 (sq. feet) and distance from the centre of town X2 (miles) on the value of homes Y (in $ thousands)
Data on (Y, X1, X2) for n = 9 homes are given as follows:
Y X1 X2345 1650 3.5238 1870 0.5452 2230 1.5422 1740 4.5328 1900 1.8375 2000 0.1660 3200 3.4466 1860 3290 1230 1
a) Fit a multiple linear regression equation of Y on X1 and X2
b) Use the equation to predict the value of a home measuring 1500 sq. ft. which is at a distance of 0.75 mile from the centre of the town.
What type of error has possibly been committed? Explain the error in ordinary language.
Using the following 12 numbers (12, 34, 23, 10, 9, 45, 14, 34, 12, 13, 13, 35), calculate 1. the median 2. the mode 3. the mean
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Find the percentage of such males that weigh between 190 and 210 lb. (Note: Make sure you choose the flag value closest to 190 and 210.) Give the proportion as a decimal rounded to thousandths.
Compute the optimal production quantities for the company?
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